Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh

Quality of Work Life (QWL) is a philosophy on employees' organizational life satisfaction. Retention of experienced and trained employees is a challenging task for all organizations, especially for banking organizations. This research paper aims at identifying underlying dimensions of QWL progr...

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Main Authors: Rahman, Mohammad Mizanur, Abdul, Mohani, Ali, Noor Azman, Ahmed, Md. Jamal Uddin, Rahman, Md. Saidur
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 2017
Online Access:http://psasir.upm.edu.my/id/eprint/52552/
http://psasir.upm.edu.my/id/eprint/52552/1/09%20JSSH-1581-2016-3rdProof.pdf
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author Rahman, Mohammad Mizanur
Abdul, Mohani
Ali, Noor Azman
Ahmed, Md. Jamal Uddin
Rahman, Md. Saidur
author_facet Rahman, Mohammad Mizanur
Abdul, Mohani
Ali, Noor Azman
Ahmed, Md. Jamal Uddin
Rahman, Md. Saidur
author_sort Rahman, Mohammad Mizanur
building UPM Institutional Repository
collection Online Access
description Quality of Work Life (QWL) is a philosophy on employees' organizational life satisfaction. Retention of experienced and trained employees is a challenging task for all organizations, especially for banking organizations. This research paper aims at identifying underlying dimensions of QWL program that shape employees' retention strategy in Private Commercial Banks (PCBs) in Bangladesh. The study is mainly based on primary data obtained through a structured questionnaire on 200 employees working at PCBs. Independent and dependent variables on a five - point "Likert -Type Scale" specifies how strongly the respondents agree or disagree with statements. Several statistical tools and techniques such as descriptive analysis, Exploratory Factor Analysis (EFA), Zero Order Karl Pearson's correlation analysis and Ordinary Least Square (OLS) multiple regression analysis have been used to determine empirical findings and draw a conclusion. The findings of the study shows the effects which can impinge on employees' retention strategy with the dimensions (maintenance and supervisory) being particularly significant. The authority of PCBs in Bangladesh should address these dimensions to retain their experienced and trained employees.
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spelling upm-525522017-06-07T02:53:59Z http://psasir.upm.edu.my/id/eprint/52552/ Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh Rahman, Mohammad Mizanur Abdul, Mohani Ali, Noor Azman Ahmed, Md. Jamal Uddin Rahman, Md. Saidur Quality of Work Life (QWL) is a philosophy on employees' organizational life satisfaction. Retention of experienced and trained employees is a challenging task for all organizations, especially for banking organizations. This research paper aims at identifying underlying dimensions of QWL program that shape employees' retention strategy in Private Commercial Banks (PCBs) in Bangladesh. The study is mainly based on primary data obtained through a structured questionnaire on 200 employees working at PCBs. Independent and dependent variables on a five - point "Likert -Type Scale" specifies how strongly the respondents agree or disagree with statements. Several statistical tools and techniques such as descriptive analysis, Exploratory Factor Analysis (EFA), Zero Order Karl Pearson's correlation analysis and Ordinary Least Square (OLS) multiple regression analysis have been used to determine empirical findings and draw a conclusion. The findings of the study shows the effects which can impinge on employees' retention strategy with the dimensions (maintenance and supervisory) being particularly significant. The authority of PCBs in Bangladesh should address these dimensions to retain their experienced and trained employees. Universiti Putra Malaysia Press 2017 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/52552/1/09%20JSSH-1581-2016-3rdProof.pdf Rahman, Mohammad Mizanur and Abdul, Mohani and Ali, Noor Azman and Ahmed, Md. Jamal Uddin and Rahman, Md. Saidur (2017) Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh. Pertanika Journal of Social Sciences & Humanities, 25 (2). pp. 647-662. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2025%20(2)%20Jun.%202017/09%20JSSH-1581-2016-3rdProof.pdf
spellingShingle Rahman, Mohammad Mizanur
Abdul, Mohani
Ali, Noor Azman
Ahmed, Md. Jamal Uddin
Rahman, Md. Saidur
Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title_full Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title_fullStr Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title_full_unstemmed Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title_short Employees' retention strategy on quality of work life (QWL) dimensions of private commercial banks in Bangladesh
title_sort employees' retention strategy on quality of work life (qwl) dimensions of private commercial banks in bangladesh
url http://psasir.upm.edu.my/id/eprint/52552/
http://psasir.upm.edu.my/id/eprint/52552/
http://psasir.upm.edu.my/id/eprint/52552/1/09%20JSSH-1581-2016-3rdProof.pdf